American Century Companies Inc. Boosts Stock Holdings in ARM Holdings PLC Sponsored ADR $ARM

Key Points

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American Century Companies Inc. grew its position in shares of ARM Holdings PLC Sponsored ADR (NASDAQ:ARM - Free Report) by 112.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 703,365 shares of the company's stock after purchasing an additional 372,081 shares during the quarter. American Century Companies Inc. owned about 0.07% of ARM worth $75,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ARM. Goldman Sachs Group Inc. raised its holdings in ARM by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,574,854 shares of the company's stock worth $702,129,000 after purchasing an additional 2,446,224 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in ARM during the 1st quarter worth approximately $170,287,000. Banque Transatlantique SA bought a new position in ARM during the 4th quarter worth approximately $37,440,000. Woodline Partners LP increased its stake in shares of ARM by 9,501.0% in the 4th quarter. Woodline Partners LP now owns 213,238 shares of the company's stock valued at $26,305,000 after acquiring an additional 211,017 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of ARM in the 1st quarter valued at $19,565,000. Institutional investors own 7.53% of the company's stock.

ARM Trading Up 3.5%

NASDAQ ARM traded up $4.7280 during mid-day trading on Friday, hitting $138.0080. The company's stock had a trading volume of 3,283,545 shares, compared to its average volume of 5,448,148. The company's 50 day simple moving average is $148.55 and its 200 day simple moving average is $132.86. ARM Holdings PLC Sponsored ADR has a twelve month low of $80.00 and a twelve month high of $182.88. The firm has a market capitalization of $145.81 billion, a price-to-earnings ratio of 209.10, a PEG ratio of 8.76 and a beta of 4.17.

ARM (NASDAQ:ARM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. ARM had a net margin of 16.96% and a return on equity of 15.56%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $0.40 EPS. ARM's revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that ARM Holdings PLC Sponsored ADR will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. KeyCorp reiterated an "overweight" rating and issued a $190.00 price objective (up previously from $175.00) on shares of ARM in a research note on Thursday, July 31st. BNP Paribas Exane upgraded shares of ARM from a "neutral" rating to an "outperform" rating and set a $210.00 price objective for the company in a research note on Wednesday, July 16th. Citigroup lowered their price objective on shares of ARM from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. BNP Paribas upgraded shares of ARM from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $110.00 to $210.00 in a research note on Wednesday, July 16th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ARM has a consensus rating of "Moderate Buy" and an average target price of $169.67.

ARM Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.